Bharat Heavy Electricals Limited (BHEL) has secured a significant legal victory as the Delhi High Court upheld an interim arbitration award of ₹115 crore in favor of the company against RattanIndia Power Ltd. The court ruling, delivered on March 6, 2025, confirms BHEL’s entitlement to the awarded sum, along with an 18% annual interest applicable 30 days from the date of the award (July 27, 2017).
Key Highlights:
- The Delhi High Court’s verdict upholds the arbitration ruling, ensuring BHEL receives the ₹115 crore payment plus interest from RattanIndia Power Ltd.
- Interest at 18% per annum will be applicable from August 26, 2017, significantly increasing the total payable amount.
- The case was initially part of a contractual dispute between BHEL and RattanIndia Power Ltd., resulting in arbitration proceedings.
This ruling marks an important financial win for BHEL, reinforcing its position in contractual dispute settlements. The company has officially notified stock exchanges about the development, as per SEBI’s (LODR) Regulations 2015.
